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re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

Originally Posted by TurtleDude

I don't pretend to speak for business owners in general.

But you already have.

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There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

Originally Posted by Grim17

Back in February, I wrote a blog article here titled "Obama, The Media, and The Great Jobs Scam of 2012". It was centered on how the "Employment to Population Ratio", a statistic that takes the total number of people that are of legal working age and eligible to work in the U.S, and the total number of people in the country who are currently employed, and gives you the percent, or ratio, of those who are employed, to those who could be employed. I pointed out how the unemployment rate had gone down since 2009, but that ratio had remained the same, making the unemployment rate that is reported a complete sham.

Here we are 6 months later and the unemployment rate has declined by 0.2%, so you would think that the EP ratio would have risen... Well once again, that isn't the case. Instead of rising, the rate has gone down 2 tenths of a percent, showing once again that the unemployment numbers are still a complete and total sham.

BLS methods have not been altered since Obama's inauguration, call the U3 figures deceivingly optimistic or unintentionally misleading if you must, but calling them a sham is simply nonsense.

re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

Also important to note is the continuance of public sector losses at the state and local level apparent in the revisions for the prior two months. Around 40k in June and July alone, dampering whatever meager gains the private sector enjoyed.

re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

Originally Posted by hazlnut

Despite the best (worst) efforts of the GOPs in congress, America surges forward one step at a time.

Don't bet against America.

The percent of the eligible workforce that's employed today, is exactly the same as it was when the unemployment rate peaked at 10.0% back in October of 2009... And this is what you call surging forward one step at a time?